South Korea: Dependent people as percent of the working age population
For that indicator, The World Bank provides data for South Korea from 1960 to 2018. The average value for South Korea during that period was 55.4 percent with a minumum of 36.32 percent in 2013 and a maximum of 89.41 percent in 1962.
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The age dependency ratio for South Korea is calculated as follows: Age dependency = (people younger than 15 and older than 64) / (working age people ages 15-64). A higher value for South Korea and other countries means that employed people have to support more non-working people, either young or old.
Definition: Age dependency ratio is the ratio of dependents--people younger than 15 or older than 64--to the working-age population--those ages 15-64. Data are shown as the proportion of dependents per 100 working-age population.